Mismatch of Talent: Evidence on Match Quality, Entry Wages, and Job Mobility
利用工人才能的独特数据,研究了人才错配对入职工资、离职率和工资增长的影响,发现经验不足的工人其错配与起始工资无关,而经验丰富者的错配会降低起始工资,且错配对前者的离职和工资增长影响更大。
We examine the impact of mismatch on entry wages, separations, and wage growth using unique data on worker talents. We show that workers are sorted on comparative advantage across jobs within occupations. The starting wages of inexperienced workers are unrelated to mismatch. For experienced workers, on the other hand, mismatch is negatively priced into their starting wages. Separations and wage growth are more strongly related to mismatch among inexperienced workers than among experienced workers. These findings are consistent with models of information updating, where less information is available about the quality of matches involving inexperienced workers.